June 2016

Almost there are 1,20,000 bank branches are in India. After 1970, RBI (Reserve Bank of India) allow private banks to establish their branches in India to provide financial support for their account holders. There are 31 private sectors banks established their branches in all the street of major cities. You can more details about Bank branches, IFSC code, MICR code through official websites of your bank. They are providing secured and hassle free banking service for their customer (account holders). One among the service is Net banking (online banking).

Internet banking services was started after 2000 (21st century). At the starting stage, we can able to apply a request to the bank for fund transfer through online. After several years, technology was improved and trends of online banking was changed. At present, we have the entire control of our banking account. You can also find bank by ifsc code before online. In this article, I have listed 5 tips for safer online banking.

Choose an Account with Two Factor Authentication.

Each and every bank has different procedure to activate internet banking. Try to get the bank account which provide two authentication verification. Some of the banks not all, providing two authentication factor when you login.
When we log in to our account, an unique code will send to your mobile number (which we registered to our bank account) and verify the details. This code is valid for short period of time.

Password Must be Easy to Remember and Tough To Guess.

All the banks has providing two step verification (Login password and transaction password) for fund transfer. Choose the password with the combination of upper and lower case with symbol. Don’t choose the common passwords like your nick name, date of birth or initial. Change your transaction password frequently to avoid phishing.

Avoid Clicking Through Emails.

Both private and public sector banks never ask you login credentials of your internet banking account through mail or phone call. If you received such a mail which resemble like your bank mail id consider that is suspicious mail and don’t reply for that.

Access Your Accounts From a Secure Location.

This is one of the important factor to make your online banking safe and secure. Don’t access your internet banking account through free WiFi or from public internet service. Always connect your internet banking with your own computer with trusted Network provider.

Logout Account Once You Done.

Internet banking facilities in all the banks are providing auto session time out for account. Make sure that your account has been logged out. If you are using internet banking in private network, open it from the private browser window and after completing your work remove all the cache file in the browser.